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1/26/2012 8:40AM

Cameron Pursues Growth Agenda

U.K. Prime Minister David Cameron gave his vision for a European economic recovery based on boosting competition, reducing regulation and free trade deals. But things are not so good at home. Dow Jones's Ainsley Thomson and Alex Brittain report.

This transcript has been automatically generated and may not be 100% accurate.

I ... just ... in getting his ... big speech to all the ... good ... people in doubles this week this this week on ... its side in ... time to rock his vision ... for the Hall of the European ... economy ... should they come up with told to call it is to increase competition ... and use in regulation ... entry free trade deals ... it all sounds good ... when ... the stock to head with what's actually happening back at home ... maybe on this economy it needs the UK economy to be taking ... some of this ... medicine itself well to start off with the ... Alex Brittain is that I'm ... Alex Viv had some not ... too late to go to the UK to ... but you're right we have ... yesterday we had some awkward looking face on TV with treatment the show ... the downside today we have them re Telcel's figures that showed ... looking forward ... to be part of what we had was ... uniform sales since the last recession ... according to the Confederation Bridge Industries Club dippers that so far that is a good those upfront is to alter the losses as well this is ... my says for a European recovery ... with all the tools is reporting on this or that strip that ... one of the race and sweat when to pack it it's because of their because they are the things that that day ... DK ... is also doing that ... and say ... harmonize have Christ may ... be a tasteful James types here ... that's why he really wants is time for things that ... that things may be making a three day weekend was that the tax avoiding receipts and what if it does go into recession and a half mile climb ... well this has been with me ... is that ... it would sell ... has been seen ... very much this is the use of ... fiscal rectitude will be looking ... to ... buy a home ... buying gilts and love ... but ... if we get back into a double dip recession ... while it may be ... the Cutrell ... well I mean and many people I get mad at the position for example that for now to Kathmandu Sydney sticking to its ... plant AMAT and give it a fifty percent ... and it says that that that that holding ... in Iowa delays in the credit that could if Allysia has an upper East Otto ... he was saying ... spending cuts and tax rises on the pre much writes it is to ... see these kinds of ... aggressive for those policies to ... someone's heroes of ... the SEC to me this was ... just how how how you think it was all for this ... recession will return to recession you see into the fourth portal is leaving to put it in the sport is ... is something that I mean right through the rest of ... the twenty twelve um that would be essentially it ... is called ... well I'm ... I set up a Jairam and promising it's always a bit because I forgot normal course of the match ... I'm fond of the one next week with the PMI is for the UK ... see Barron's that watching the show ... instead of activity among businesses ... that once about the euro ... we have some assessments this week ... but I'm the and and and ... is it t think that all ... was the reactions of speech and it was that was their feeding habits ... which are expected to have on sale was a sort of ... impression that maybe he was coming coming out with something of this bright ... wasn't that surprising given that PCT AB ... what makes cakes at a summit ... for me since he wants to post it to finishing the single match its ... increasing competitiveness and the fact that ... how is that ... I think perhaps he could be seen as being a little bit arrogant ... but today ... that the UK is it that I mean it's it's ... exactly so he can press on the rest of this year pink hats may be getting their backs up even further ... evincing see how it is is you will see the continued teaching outlined ... the economy ... suffers